Japan's Financial Services Agency has released a draft policy on strengthening cybersecurity for crypto exchage and is soliciting public comments.

According to Coinpost, Japan's Financial Services Agency (FSA) has released a draft policy on strengthening cybersecurity for crypto exchage and is soliciting public comments until March 11. The draft policy points out that cyberattacks against cryptocurrency exchanges are becoming increasingly sophisticated, with social engineering and indirect attacks via outsourced service providers on the rise. Relying solely on cold wallets is insufficient to guarantee security, necessitating strengthened security management across the entire supply chain. The draft also addresses suspected state-sponsored attacks, emphasizing the importance of asset protection from the perspective of national wealth preservation. The plan is based on three pillars: self-help, collaborative assistance, and public assistance. For self-help, the plan proposes strengthening cybersecurity self-assessments within the crypto exchage industry starting in fiscal year 2026 and raising security standards. For collaborative assistance, it will strengthen the functions of industry self-regulatory associations and promote corporate participation in information-sharing organizations. For public assistance, it will continue international collaborative research, aiming to achieve industry-wide participation in cybersecurity exercises within three years and conduct real-world penetration tests on select operators in 2026.